Virginia Code 65.2-1008: When fund in excess of requirement
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If it be ascertained that the tax collected exceeds the total chargeable against the maintenance fund under the provisions of this title, the Workers’ Compensation Commission shall authorize a corresponding credit upon the collection for any year or make refunds of taxes collected in such amounts as are necessary to maintain a fund balance not exceeding one year’s budgeted expenditures.
Terms Used In Virginia Code 65.2-1008
- Commission: means the Virginia Workers' Compensation Commission as well as its former designation as the Virginia Industrial Commission. See Virginia Code 65.2-101
Code 1950, § 65-128; 1968, c. 660, § 65.1-137; 1976, c. 603; 1991, c. 355.